Analysts Set CGI Inc (TSE:GIB.A) Target Price at C$165.25

CGI Inc (TSE:GIB.A) (NYSE:GIB) has received a consensus recommendation of “Moderate Buy” from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$165.25.

GIB.A has been the subject of a number of analyst reports. TD Securities lifted their price objective on CGI from C$160.00 to C$180.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Desjardins increased their price target on shares of CGI from C$166.00 to C$172.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada boosted their price objective on shares of CGI from C$163.00 to C$170.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Jefferies Financial Group increased their target price on shares of CGI from C$121.00 to C$132.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, CIBC boosted their price target on shares of CGI from C$151.00 to C$155.00 and gave the company a “neutral” rating in a report on Thursday, August 1st.

CGI Trading Up 0.2 %

Shares of GIB.A opened at C$152.06 on Tuesday. The stock’s fifty day simple moving average is C$146.58 and its 200-day simple moving average is C$145.84. The firm has a market capitalization of C$30.99 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 1.48 and a beta of 0.86. CGI has a 12-month low of C$129.00 and a 12-month high of C$160.40. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24.

CGI Company Profile

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.